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Started By
Message
emergency fund. where do you have it?
Posted on 2/7/15 at 7:37 pm
Posted on 2/7/15 at 7:37 pm
I got my annual bonus and now have 4 months net pay that will be my emergency fund (I never had an emergency fund before).
Should I just keep it in a savings account? I currently have a Roth 401k through work and a small traditional ira.
Should I just keep it in a savings account? I currently have a Roth 401k through work and a small traditional ira.
8
Posted on 2/7/15 at 7:47 pm to LSU6262
Capitalone 360 but there are better rates out there. Have one month of cash related to emergency. Roth IRA is the remainder of emergency
Posted on 2/7/15 at 7:51 pm to LSU6262
Max out Roth since you appear to qualify.
Posted on 2/7/15 at 8:02 pm to LSUAfro
quote:
Max out Roth
The 401k?
Posted on 2/7/15 at 8:05 pm to LSU6262
I keep a couple months liquid in a savings account. The remainder is invested but I can liquidate it quickly if needed.
Posted on 2/7/15 at 8:22 pm to kaaj24
Also have mine in a 360 account. But also have a Roth, traditional
IRA as back up
IRA as back up
Posted on 2/7/15 at 9:02 pm to lsugradman
CapOne360 for cash, and Sharebuilder account for big stuff. No reason for that much money to sit idle. With CCs and good credit, should be able to get funds if in a pinch.
Posted on 2/7/15 at 9:13 pm to LSUtigerME
To me a Money Market fund or savings account is the place for an emergency fund.
Posted on 2/7/15 at 9:24 pm to LSU6262
VSMGX
Posted on 2/7/15 at 9:46 pm to LSU6262
Yes. If you feel financially responsible enough to max out your 401k Roth if you aren't doing so already that's what I would do. Tax free growth is hard to beat.
Eta: emergency fund a couple months in any kind of savings. We're usually not talking big bucks in that anyways.
Eta: emergency fund a couple months in any kind of savings. We're usually not talking big bucks in that anyways.
This post was edited on 2/7/15 at 9:48 pm
Posted on 2/7/15 at 9:54 pm to LSU6262
Half in buried gold krugerrands with the GPS coordinates known only to me.
Half in a numbered account in the Caymans.
Half in a numbered account in the Caymans.
Posted on 2/7/15 at 11:42 pm to LSU6262
750k home paid off. 400k HELOC is a click away from my savings and checking account so the HELOC serves as one of my "emergency accounts" if needed.
Posted on 2/8/15 at 4:27 am to LSU6262
quote:
Max out Roth
Correct.
quote:
The 401k?
No, Roth IRA. You can get the money back out without any penalty if you need it.
Posted on 2/8/15 at 5:46 am to foshizzle
Ah. You're correct. I thought he was getting it. Not already received.
Posted on 2/8/15 at 6:52 am to LSU6262
I have mine invested in this up and coming cryptocurrency called bitcoin... I don't want to bore you with all the details of how it works, but I have a feeling I will be cashing out and making millions soon enough. I personally think its safer than a FDIC insured savings account. 
Posted on 2/8/15 at 9:54 am to Lsut81
quote:
I personally think its safer than a FDIC insured savings account
A better investment than Dinar?
I started a Roth last year and maxed it out with some of our emergency fund- VTSMX, VTIVX, and a handful of energy stocks.
Posted on 2/8/15 at 11:27 am to LSUGUMBO
quote:
A better investment than Dinar?
Don't get crazy now... We all know the Dinar is the go to, but its more difficult to convert to USD in a time of crisis.
Posted on 2/8/15 at 3:36 pm to Lsut81
Question that's a bit on the same topic. Does a company sponsored Roth 401k have the same rules as far as withdrawing the principal without penalty as a regular Roth IRA?
Posted on 2/8/15 at 3:38 pm to afusse1
quote:
Question that's a bit on the same topic. Does a company sponsored Roth 401k have the same rules as far as withdrawing the principal without penalty as a regular Roth IRA?
Answer, does a bear shite in the woods?
Seriously though, I have no clue
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